SATS reported its unaudited results for the three months ended 30 June 2024 (1Q FY25). In 1Q FY25, SATS Group's revenue increased by 15.5% to S$1.37 billion compared to the same period last year arising from both Gateway Services and Food Solutions. Revenue for Gateway Services increased by 12.0% YoY to S$1,059.5 million. This growth was attributed to the increase in air cargo volume driven by high-tech shipments, growth of eCommerce, and the shift from ocean freight due to the … [Read more...] about SATS posts S$65m 1Q net profit on robust growth
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Turkish Airlines awards three-year ground handling contract to WFS in Denver
Worldwide Flight Services (WFS), a member of the SATS Group, has won a three-year contract from Turkish Airlines for ramp handling and cabin cleaning services at Denver International Airport in Colorado. The contract aligns with the launch of Turkish Airlines’ 14th destination in the United States. Türkiye’s flag carrier began operations to Denver in June 2024 with three weekly flights, increasing to four weekly flights in July, using Boeing 777 and Airbus A350 airliners between Istanbul and … [Read more...] about Turkish Airlines awards three-year ground handling contract to WFS in Denver
SATS partners with Mitsui to grow its food solutions business
SATS Ltd., a global leader in gateway services and a leading food solutions provider in Asia, announced its proposed entry into a partnership with Mitsui Co., Ltd to develop and grow their respective food and retail solutions businesses. This partnership comes a year after the two companies signed a Memorandum of Understanding to explore opportunities for collaboration in the food and retail sectors. When completed, Mitsui will hold a 15% stake in a partnership with interests in SATS Food … [Read more...] about SATS partners with Mitsui to grow its food solutions business
SATS and others join Cool Chain Association
The Cool Chain Association (CCA), who celebrates its 20th anniversary this year, has welcomed SATS Ltd, Brussels Airport, Boeing, and Validaide as new members. SATS is the chief ground handling and in-flight catering service provider at Singapore Changi Airport with a cargo terminal network that spans over 10 major locations, including Hong Kong and Dammam. It connects communities in over 60 locations and 14 countries across the Asia Pacific, UK and the Middle East. Brussels Airport has … [Read more...] about SATS and others join Cool Chain Association
SATS eyes growth in HK with new cold chain facility
SATS subsidiary Asia Airfreight Terminal Co. Ltd. (AAT) has unveiled its new on-airport temperature-controlled facility, dubbed AAT COOLPORT, at Hong Kong airport, as the company looks to grow its handled volume for perishable and pharmaceutical air freight. Parent company SATS, who increased its controlling stake at the Hong Kong ground handler last year, said the new facility was designed with reference to the COOLPORT facility at Singapore’s Changi Airport. The AAT COOLPORT’s dedicated … [Read more...] about SATS eyes growth in HK with new cold chain facility
Singapore to host air cargo, logistics events in 2023
The Singapore Tourism Board (STB) and MMI Asia have signed a memorandum of understanding on 15 November to jointly organise the Southeast Asia editions of well-attended exhibition and conference transport logistic and air cargo. The event, which is scheduled to take place at Singapore’s Marina Bay Sands on 13 to 15 September 2023, will feature a ‘high-level’ conference that will focus on specific subjects and issues facing the logistics ecosystem under a central theme of “Integrated Logistics … [Read more...] about Singapore to host air cargo, logistics events in 2023
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